Original Artice From 2014 – Updated in 2017 and 2019 to take account of legislation changes. The issue of mis-sold payment protection insurance (PPI) was very widespread in the UK and it looks like the banks also tried to make easy profits from it here in Ireland. Note: The UK Financial Conduct Authority set a […]
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Payment Protection
PPI Refunds of €67 Million.
The Central Bank has reported that the review of the misselling of Payment Protection Insurance is now complete – and refunds of €67.4 Million have been given back to 77,000 customers. That is an average refund of €875 per policy. There are still 6000 customers who are due a refund – but they have not […]
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PPI Refunds in Ireland – at least €50 Million to be paid back
Here in Ireland it became obvious to the regulator in recent years that there had been fairly widepspread mis-selling of Payment Protection Insurance . (As there was in the UK) Back in July 2013 the Central Bank instructed the firms involved to carry out a review of their PPI sales since 2007.. Read more about […]
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Some Progress on Missold PPI Review
Back in July 2012 we wrote about the Central Bank forcing banks and other credit providers to undertake a review of PPI sales. PPI – (Payment Protection Insurance) was sold alongside loans , credit cards and mortgages – and it seems that in many cases it was mis-sold. The review is only looking at PPI […]
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Slow Progress on PPI Investigations
Payment Protection Insurance Review Back in October 2012 – seven Irish financial institutions were instructed by the Central Bank to undertake a review of all their PPI sales made since July 2007. Only 6 companies were named – they were Bank of Ireland, Allied Irish Bank, EBS, GE Money, Ulster Bank and Permanent TSB. All […]
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